$499,000
5231 Gulf Of Mexico Drive
Longboat Key, FL 34228
Listing updated: June 15, 2026 at 11:28 AM ET
Listing courtesy of Michael Saunders & Company · JoDene Moneuse, PA · MLS #A4676730 · Active · 941-383-7591Property type
Year built
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Have you dreamed of the perfect island getaway situated right on a gorgeous stretch of beach on Longboat Key? This is by far the lowest priced direct beachfront condo on the entire island and it is already completely updated! Whether you decide to use it yourself or use it as an investment with outstanding monthly rental income availability, this is the one. With a fabulous ground floor location, you can have your toes in the sand in only a few steps! This condo offers Italian porcelain tile throughout and a completely new kitchen with beautiful counter tops, all new cabinets and new appliances. The bathroom has been beautifully updated as well and features custom tile work in a seaside theme. The view is fabulous in either direction with the sparkling pool out front and the gorgeous Gulf of Mexico out back. The open living and dining area allows plenty of space to entertain or to quietly contemplate whether it’s a beach day, a day for a soak in the pool or a walk to the Covert bayside fishing pier. The bedroom offers the same stunning beach view and features storm rated sliders to the screened in lanai. The midkey location allows for easy access to multiple restaurants and shopping. The tree filled mangrove trails of Joan Durante Park are a birders’ paradise and the 12 mile long bike path give you many options to soak in the sun while getting in your daily exercise. This is island living at its best at a price you may never thought you could find!
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history152 days on market
- Status: ActiveJan 14, 2026
- Listed$615,000Jan 14, 2026
- Price reduced$499,000
Facts & features
- Property type
- Residential
- Sub type
- Condominium
- Status
- Active
- Days on market
- 152
- Subdivision
- Covert Ii
- County
- Manatee
- Year built
- 1973
- Living area
- 720 sq ft
- Price/sq ft
- $693
- Building area
- 783 sq ft (Public Records)
- Lot size
- 0 sq ft
- Lot category
- Non-Applicable
- Flood zone
- AE/VE
- Annual taxes
- $6,784 (2024)
- Parcel #
- 7994510902
- Zoning
- R3MX
- MLS #
- A4676730
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Interior Details
- Bedrooms
- 1
- Full bathrooms
- 1
- Flooring
- Tile
- Appliances
- Dishwasher, Range, Refrigerator
- Interior features
- Elevator, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Primary Bedroom Main Floor
- Laundry
- Inside
- Stories / Levels
- One
- Direction faces
- East
Heating & Cooling
- Heating
- Central
- Cooling
- Central Air
Parking
- Attached garage
- No
HOA & Financial
- Total monthly fees
- $1,000/mo
- Total annual fees
- $12,000
- CDD
- No
- Min lease term
- 1 Month
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- Yes
- Additional lease restrictions
- See Doc
- Approval process
- See Doc
Exterior & Construction
- Exterior features
- Lighting, Outdoor Shower
- Construction materials
- Stucco
- Roof
- Built-Up
- Foundation
- Pillar/Post/Pier
- Waterfront
- Yes
- Water access
- Yes
- Water view
- Yes
- Road surface
- Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
Community
- Pets allowed
- No
Schools
Letter grades: Florida DOE 2024–25 school grades (Orange, Seminole, Lake, Osceola, Brevard). Assigned schools from the listing agent — verify enrollment with the district.
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Great Room | First | |
| Primary Bedroom | First | |
| Kitchen | First |
Listing Details
- Listing date
- 2025-12-26
- On market date
- 2026-01-14
- Original list price
- $615,000
- Occupant type
- Owner
- MLS area
- 34228 - Longboat Key
- Listing AOR
- Sarasota - Manatee
- Status changed
- 2026-01-14
- Tax legal description
- UNIT 104 COVERT II, A CONDOMINIUM PI#79945.1090/2
Flood risk
FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
From Gulf of Mexico Dr turn west in Convert II. Condo is on the ground floor just in front of the pool.
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Listing provided by Stellar MLS
Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of June 15, 2026 at 11:28 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.
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